What to Watch Out for If There’s a Sudden Death in Your Family

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Did you know that Anthony Bourdain’s will revealed that the celebrity chef and author had an estate of only $1.21 million? Estimates of the TV star’s worth had been around $16 million, which made the revelations from his will even more startling. This is an example of how sudden death can uncover some very big surprises when it comes to an estate. How Can a Sudden Death in Your Family Uncover Startling Estate Issues? Bourdain named his daughter as the primary beneficiary of his estate using a testamentary trust. This trust will release funds to Bourdain’s daughter in steps in...

Why Do Attorneys Ask You to Explain Your Estate Plans?

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You shouldn’t procrastinate when it comes to planning your estate. However, the process can seem long and protracted when you get into your estate lawyer’s office and face a bevy of questions. Sometimes, it can even feel like these questions are doing nothing more than keeping you from writing your will, but this interrogation has a purpose. And if you try to skip this process, your beneficiaries could be the ones to pay the price. Why Attorneys Ask You to Explain Your Estate Plans Here in California, there are many probate laws governing how an estate is to be distributed...

Can Creditors Make Claims on Your Estate?

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Elderly woman smiling When it comes to leaving behind a legacy for your family and friends, estate planning is often the most powerful way to ensure your wishes are followed. But that plan has to be robust, and it has to account for every part of your financial life. Otherwise, creditors can make claims on your estate, and potentially keep your beneficiaries from receiving what was bequeathed to them. Who Can Make a Creditor’s Claim Against Your Estate? It may surprise some to learn that beneficiaries aren’t first in line when it comes to distributing an estate. Secured creditors, persons with property interests...

Nobody Has Died, So Why Is This Estate Issue Going to Court?

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Photo of the eight pillars When it comes to planning your estate, preparation is always advised over procrastination. However, one California media mogul may be taking preparation to a whole new level His estate issue could be heading to court long before he actually passes away. Taking an Estate Issue to Court Before You Die Media titan Sumner Redstone is known for many things around California. His reputation includes having legal troubles with his former girlfriends. However, one of these legal conflicts could land Sumner in California legal history. That’s because a probate trial for his estate could soon get underway, and Sumner will be...

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